Hunt was charged after officers allegedly found him in possession of cocaine and alprazolam - better known as Xanax - during a search in a car park in the inner-Brisbane suburb of Fortitude Valley on December 30.

Adam Magill, Hunt's lawyer, said prosecutors had dropped the cocaine possession charge following negotiations on Friday.

"It was determined that there was insufficient evidence to prosecute him with respect to the cocaine charge," Mr Magill told AAP.

"(Hunt) is obviously very relieved, he can move ahead now and focus on his training."